The paper discusses some of the central theses in Þór Whitehead's book Sovét-Ísland óskalandið: Aðdragandi byltingar sem aldrei varð, whose title can be loosely translated as Dreams of a Soviet Iceland: Preparations for a revolution that never came. I argue here that Þór Whitehead fails to demonstrate the validity of the claims in his book because his use of primary sources is limited and biased. The paper goes on to discuss the available sources on Icelandic communists' connections and contacts in Moscow, and points out that in many cases a close reading of these sources seems to lead to conclusions which contradict the book's claims. Þór Whitehead's position is that Icelandic communists for a time posed a real threat to the Icelandic state, but this paper argues that such was never the case.